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Reserve Bank indicates COVID-driven recession is over as economy begins to turn – PerthNow
Australia could be out of the coronavirus-driven recession with growth in other parts of the country offsetting Victoria’s woes.
Australia may be out of the coronavirus-driven recession with growth in other parts of the country offsetting Victorias woes.
Reserve Bank of Australia deputy governor Guy Debelle told a Senate estimates hearing on Tuesday that growth is more likely to be in positive territory rather than showing a small negative.
Choosing his words carefully ahead of next weeks central bank board meeting, Dr Debelle said the drag on the economy from the COVID-19 lockdown in Victoria may be less than earlier forecast.
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